SUBSCRIBERS

US rate hikes will hit HK property market, says finance chief

Increase in HK interest rates will follow increase in US rates, although there's a time lag

Published Mon, Mar 27, 2017 · 09:50 PM

Hong Kong

HONG Kong's finance chief Paul Chan on Monday warned that US Federal Reserve interest rate hikes could eventually negatively impact the city's property market.

Mr Chan, speaking at the 20th Credit Suisse Asian Investment Conference held in Hong Kong, said that "faster than expected interest rate hikes" by the Fed could have a "negative impact on asset prices here in Hong Kong".

When asked about Hong Kong's property market, Mr Chan said homeb…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes